How to Buy Progyny Stock
Progyny Inc
Progyny, Inc. , a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States.
Progyny stock last closed at $32.40, down 2% from the previous day, and has decreased 6.14% in one year. It has overperformed other stocks in the Health Information Services industry by 0.21 percentage points. Progyny stock is currently +10.05% from its 52-week low of $29.44, and -27.92% from its 52-week high of $44.95.
As of Apr 23, 2024, there are 96.5M shares of PGNY outstanding. The market cap of PGNY is $3.13B. In the past 24 hours, 625,177 PGNY shares were traded.
How to Buy Progyny Stock
Wondering how to invest in Progyny stock? Here's how.
- Choose where to buy Progyny stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Progyny stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your info.
- Evaluate Progyny stock: The Progyny ticker symbol is PGNY. Is Progyny stock a good investment? Should you buy shares of PGNY? How do PGNY's underlying business fundamentals look? Do top analysts think Progyny is a good buy? Why has PGNY's stock price moved recently? (Hint: Our stock research website can help you figure out if PGNY is a good stock to buy).
- Execute your PGNY buy order: Decide if you will purchase PGNY shares at the current market price or use a limit order to buy PGNY stock at a given price.
- Get updates on your PGNY investment: Create a watchlist to monitor your investment in Progyny stock.
Step 1: Choose where to buy Progyny stock
You need an online brokerage account in order to access the NASDAQ market and buy PGNY shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to buy PGNY stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on the best stock trading app for beginners, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring funds into your brokerage account.
Step 4: Evaluate Progyny stock
After you have identified the best place to buy Progyny stock, it's important to research their stock before you invest, so you truly understand the risk and upside.
Progyny shares data
Progyny Overview
WallStreetZen was built to help everyday investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on PGNY's stock page.
How is PGNY stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge PGNY's true value.
Using relative valuations measures:
- PGNY could be undervalued based on its P/E ratio of 49.85x, relative to Health Information Services industry P/E ratio of 71.4x
- PGNY may be overvalued based on its P/B ratio of 5.65x, relative to Health Information Services industry P/B ratio of 3.4x
- PGNY could be overvalued based on its PEG ratio of 2.46x
You can access additional valuation research on PGNY's stock here.
PGNY Financials at a glance
Passed Financial Due Diligence Checks:
- PGNY has a low debt to equity ratio of 0.37.
- Total PGNY debt is lower than 5 years ago, relative to shareholder equity.
- PGNY's operating cash flow of $188.81M allows it to safely service it's debt of $17.24M.
- PGNY profit margin has gone up from 3.9% to 5.7% in the past year.
- PGNY earnings of $67.39M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the PGNY balance sheet.
- There are more short-term assets than short-term liabilities on the PGNY balance sheet.
Is it a good time to buy Progyny stock, according to analysts?
Out of 4 Equities analysts who research PGNY, the consensus analyst rating on PGNY is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Progyny stock forecast page.
PGNY Technicals
PGNY Performance Metrics
Last year, PGNY earnings were $62.04M. During the last five year, PGNY's earnings have increased by 74.65% per year. This was faster than the Health Information Services industry average of -5.48%.
Last year, PGNY revenue was $1.09B. Over the past five year, PGNY's revenue has increased by 59.52% per year. This was faster than the Health Information Services industry average of 19.8%.
Dig into PGNY's earnings and revenue performance here.
Latest Insiders Trades at PGNY
In the last 12 months, insiders at PGNY have sold more shares than they have bought.
Peter Anevski, CHIEF EXECUTIVE OFFICER of PGNY, was the latest PGNY insider to sell. They sold $304,322.55 worth of PGNY stock on Apr 1, 2024.
Research more about who owns PGNY stock here.
Can I rely on PGNY as an income stream?
No, Progyny doesn't provide an income stream by paying out dividends.
Get analysis from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Execute your PGNY buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you want additional help with investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your PGNY investment
Now that you own some shares in PGNY, you'll want to stay up-to-date on your new company.
Add PGNY to a watchlist to get the latest updates about your PGNY stock.
PGNY Feed
How to Buy Stock in Progyny
To reiterate, here are the 6 steps you need to take to buy Progyny stock right now:
- Choose where to buy Progyny stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Evaluate Progyny stock
- Execute your PGNY buy order
- Get updates on your PGNY investment
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your investment in Progyny, add PGNY to your watchlist by clicking the button below.
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